Hi all,
I'm seeking your advice in relation to accepting an ETV offer for my deferred DB pension that is payable from 2036.
The DB was closed to new employees since 2011 and is fully funded. It can be adjusted up to 4% p. a based on CPI and spouse will get 50% benefit upon my death.
The ETV offer is standard STV + 135% of standard transfer value.
I was employed by this FDI company for 7 years only and I'm member on another DB and DC pension schemes.
The ETV has to be transferred to a Personal Retirement Bond... Management charges 0.3%
Any thoughts?
I'm seeking your advice in relation to accepting an ETV offer for my deferred DB pension that is payable from 2036.
The DB was closed to new employees since 2011 and is fully funded. It can be adjusted up to 4% p. a based on CPI and spouse will get 50% benefit upon my death.
The ETV offer is standard STV + 135% of standard transfer value.
I was employed by this FDI company for 7 years only and I'm member on another DB and DC pension schemes.
The ETV has to be transferred to a Personal Retirement Bond... Management charges 0.3%
Any thoughts?